Ripple crashes by 8.5 % weekly, will hold $ 0.4? (XRP price analysis)
Ripple crashes by 8.5 % weekly, will hold $ 0.4? (XRP price analysis)
After Rippledurch the sudden decline, the price fell below the sliding 100-day average. However, he has now reached the critical level of support of the sliding 200-day average at $ 0.41, and the bears could only start.
technical analysis
of Shayan
the daily -type
Following the rejection of the resistance level of $ 0.58 on the daily chart, the course experienced a massive decline and fell under the sliding 100-day average. However, the cryptocurrency found considerable support with the sliding 200-day average of $ 0.41.The strength of this moving average indicates that the price could enter into a consolidation phase. However, if the bear succeeds in pressing it under the sliding 200-day average, this can trigger a cascade effect and a declining mood for the course Rippledie long-term perspectives.
Tradingview
The 4-hour diagram
on the 4-hour chart Rippleder Price of Hat formed an ascending channel. The latest rejection caused it to fall under the small level of support of $ 0.48 and the mean trend line of the canal. XRP is currently facing two decisive support levels: the primary of $ 0.4 and the lower trend line of the channel, about $ 0.37
In summary, the price based on the latest action seems to stay in the range of $ 0.4 and $ 0.48 until it comes to an outbreak. Tradingview
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